Discussion in 'Business & Economics' started by Saint, Dec 7, 2016.
Will go up slowly from this point forward.
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Just read a report predicting it to go down below $50. Please Register or Log in to view the hidden image!
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Unlikely. Tight oil is not profitable below about $60-$70.
What is oil price's trend now?
Some analysts said will go down to 42 dollars.
$32 a year ago, now $48. So trend is upwards.
That's a possibility. The answer is no one really knows. Oil is down based on increased US production. It will be a balancing act. It always is. The bad news for oil bulls is American oil producers have become more efficient and lowered production costs. So based on that, and assuming OPEC does nothing else to limit supply, oil prices are headed downward. The unknown card here is demand. If demand increases owing to stronger economic growth there is a possibility oil prices will rise modestly or stabilize. It's a coin flip. My best guess is that oil prices will trade in a range between the mid 40's and mid 50's providing the US Congress provides some fiscal stimulus as Trump has promised. That's the great unknown at this point. Do we get a multi-trillion dollar fiscal stimulus package from Congress or not. If we do, it's bullish for oil prices. If we don't, it's bearish.
What is shale oil?
Does it have equal quality like deep sea oil?
Can shale oil produce RON98 petrol?
Shale oil is "light and sweet", those are good traits which make the oil easy to refine. Yes, RON 98 can be refined from shale oil.
Is shale oil containing less contaminants as compared to oil from desert?
By contaminants, I think you mean sulfur. Low sulfur oils are regarded as sweet. Attached is a reference listing producers of sweet oil.
Generally no, quite the opposite. Shale oil is the dirtiest and has the lowest EROI.
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